$SPY Rejects Sell Zone; $IREN $30 Becomes the Key Level

Hey everyone 👋

A few updates on the names I’m watching closely right now. The overall picture hasn’t changed much, but some levels are becoming increasingly important. 🎯

📉 $SPDR S&P 500 ETF Trust(SPY)$ — Still Bullish, But Watching September

$SPY is currently rejecting right inside the Smart Money Sell Zone.

I remain long-term bullish, but I’m still expecting a 2%–3% correction in September.

For me, that doesn't change the bigger trend. I’m simply not interested in chasing strength when price is approaching an area where sellers have previously stepped in.

⚠️ $IREN Ltd(IREN)$ — $30 Is the Line in the Sand

$IREN needs to hold $30.

That level is important for two reasons: it’s the last major level on the volume profile and also lines up with a key structural zone.

If $30 breaks decisively, I’d expect a relatively fast move toward $20, which would bring price back into the Monthly Smart Money Zone.

So right now, $30 is the level to watch. 👀

💰 $ServiceNow(NOW)$ — Taking Some Profit

$NOW is up roughly 50% since the video I shared, so I’m now taking some shares off the table.

I still think $170–$180 is possible over time, but the short-term setup looks extended.

Because I entered later, I’m only booking around 30% of the position.

And respect to everyone who managed to hold the entire move. 👏🔥

🐂 $Marvell Technology(MRVL)$ — Still Bullish, Just Not Chasing

$MRVL remains in a bull cycle.

I’m simply going to stay patient and see whether price can come back toward my preferred buy zone over the next couple of months.

I’m not bearish on $MRVL.

I just don't want to overpay for a stock when I can wait for a better entry.

That’s really the theme across these names right now:

Stay bullish where the trend supports it, but let price come to you. 🎯📈

Hope everyone has a great trading week ahead! 🙌